Tutor Perini (TPC): Fresh Valuation Insights as Earnings Momentum and Backlog Growth Fuel Investor Optimism

Tutor Perini (TPC) is attracting investor attention ahead of its upcoming earnings report. Consensus estimates call for earnings to rise about 150% compared to the same quarter last year.

See our latest analysis for Tutor Perini.

Tutor Perini’s share price has generally trended upward over the past year as investors weigh its earnings turnaround and a steady stream of project wins. Most of the gains have come in the longer term, with a 1-year total shareholder return of 1.25% and a healthy 3-year TSR of nearly 10%. This suggests that optimism for the company’s backlog and potential earnings rebound is quietly building, even as near-term trading remains relatively steady.

If Tutor Perini's recent momentum has you thinking bigger, this could be the perfect moment to broaden your search and discover fast growing stocks with high insider ownership

With shares trading below analyst targets and the company’s turnaround story gaining momentum, investors are left wondering if Tutor Perini is a bargain under the radar or if today’s price already reflects its future potential.

Most Popular Narrative: 16.8% Undervalued

The most widely followed narrative points to a substantial gap between Tutor Perini’s fair value estimate and its last close. This implies market skepticism despite improving fundamentals. The narrative’s fair value of $75 per share far exceeds the current price, prompting a closer look at what could fuel the next move.

Record backlog growth, now at an all-time high of $21.1 billion (up 102% year over year), provides strong visibility and multi-year revenue predictability, as a series of major projects ramp up over the next several years.

Read the complete narrative.

Curious how this massive backlog translates to analyst optimism? The secret behind the valuation lies in surprisingly robust projections for revenue acceleration, margin recovery, and a valuation multiple rarely seen in this sector. Want to see the financial leap that’s justifying this target? The real numbers driving this narrative might surprise you.

Result: Fair Value of $75 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, lingering legacy disputes and execution risks on mega-projects could quickly derail margins and cast doubt on even the most optimistic forecasts.

Find out about the key risks to this Tutor Perini narrative.

Build Your Own Tutor Perini Narrative

If you see things differently or want to dig into the numbers your own way, building your own analysis is faster than you might think. In just a few minutes, you’re set. Do it your way

A great starting point for your Tutor Perini research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.

Looking for More Investment Ideas?

Jump at the chance to spot what's next. Use Simply Wall Street’s powerful tools to reveal opportunities you might otherwise overlook and keep your portfolio one step ahead.

• Unlock the potential of stable, income-generating portfolios by checking out these 19 dividend stocks with yields > 3% with attractive yields above 3%.
• Stay ahead of the curve by uncovering innovation with these 24 AI penny stocks where artificial intelligence drives future outperformance.
• Boost your search for hidden gems in fast-evolving industries through these 78 cryptocurrency and blockchain stocks focused on blockchain and cryptocurrency trends.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com